The results were 6 cents above Stifel analysts’ estimate and at the high end of management’s guidance. Results benefited by 2 cents a share due to a favorable resolution of a legal matter. Excluding this benefit, EPS increased 14%.

CEO Barbara Rentler, said: “Our second quarter sales performed at the high-end of our expectations as today’s value-focused consumers continued to respond to our wide assortment of competitive name brand bargains.”